Silver Jewelry Price in Uruguay - 2022
Contents:
- Silver Jewelry Price in Uruguay (CIF) - 2022
- Silver Jewelry Price in Uruguay (FOB) - 2022
- Silver Jewelry Imports in Uruguay
- Silver Jewelry Exports in Uruguay
Silver Jewelry Price in Uruguay (CIF) - 2022
The average silver jewelry import price stood at $1,118,857 per ton in 2022, standing approx. at the previous year. In general, the import price, however, showed a perceptible curtailment. The pace of growth appeared the most rapid in 2021 when the average import price increased by 6.7% against the previous year. Over the period under review, average import prices hit record highs at $1,403,386 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($2,952,958 per ton), while the price for Spain ($329,924 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Silver Jewelry Price in Uruguay (FOB) - 2022
The average silver jewelry export price stood at $39,413,133 per ton in 2022, increasing by 5,479% against the previous year. Overall, the export price saw a significant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($59,018,200 per ton), while the average price for exports to Colombia ($187,500 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+303.3%), while the prices for the other major destinations experienced more modest paces of growth.
Silver Jewelry Imports in Uruguay
Silver jewelry imports into Uruguay fell notably to 1.7 tons in 2022, which is down by -19.9% compared with the year before. Over the period under review, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by 15%.
In value terms, silver jewelry imports shrank sharply to $1.9M in 2022. Overall, imports recorded a abrupt decline. The pace of growth appeared the most rapid in 2021 when imports increased by 23%.
| Import of Silver Jewelry in Uruguay (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 820 | 657 | 667 | 563 | -11.8% |
| Italy | 463 | 311 | 536 | 401 | -4.7% |
| China | 233 | 159 | 285 | 275 | 5.7% |
| Colombia | 384 | 409 | 276 | 227 | -16.1% |
| Panama | 123 | 76.3 | 53.3 | 80.9 | -13.0% |
| United States | 205 | 45.3 | 162 | 70.9 | -29.8% |
| Spain | 11.6 | 20.8 | 31.1 | 47.5 | 60.0% |
| Peru | 79.8 | 108 | 120 | 42.7 | -18.8% |
| Argentina | 165 | 38.8 | 57.2 | 14.2 | -55.8% |
| Others | 107 | 61.1 | 126 | 134 | 7.8% |
| Total | 2,591 | 1,887 | 2,312 | 1,856 | -10.5% |
Top Suppliers of Silver Jewelry to Uruguay in 2022:
- Thailand (481.0 kg)
- Italy (391.0 kg)
- China (248.0 kg)
- Colombia (154.0 kg)
- Spain (144.0 kg)
- Panama (65.0 kg)
- Peru (39.0 kg)
- United States (24.0 kg)
- Argentina (16.0 kg)
Silver Jewelry Exports in Uruguay
In 2022, shipments abroad of silver jewelry decreased by -16.7% to 15 kg, falling for the second year in a row after two years of growth. In general, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 600% against the previous year. As a result, the exports attained the peak of 28 kg. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, silver jewelry exports soared to $591K in 2022. Over the period under review, exports, however, recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Silver Jewelry in Uruguay (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | N/A | 590 | 0% |
| Colombia | N/A | N/A | N/A | 0.8 | 0% |
| Chile | N/A | N/A | 0.2 | 0.3 | 50.0% |
| Spain | N/A | 0.2 | N/A | N/A | 0% |
| South Korea | N/A | 0.5 | N/A | N/A | 0% |
| Slovakia | N/A | N/A | 0.4 | N/A | 0% |
| Germany | N/A | 0.2 | N/A | N/A | 0% |
| France | N/A | 0.2 | N/A | N/A | 0% |
| Panama | N/A | 1.6 | N/A | N/A | 0% |
| Singapore | N/A | 2.2 | 0.9 | N/A | -59.1% |
| Italy | N/A | 4.6 | N/A | N/A | 0% |
| Netherlands | N/A | N/A | 1.3 | N/A | 0% |
| Canada | 0.2 | 8.2 | N/A | N/A | 4000.0% |
| Others | 3.2 | 6.6 | 10.0 | N/A | 76.8% |
| Total | 3.4 | 24.3 | 12.7 | 591 | 458.1% |
Top Export Markets for Silver Jewelry from Uruguay in 2022:
- United States (10.0 kg)
- Colombia (4.0 kg)
- Chile (1.0 kg)
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